Insurtech

June 13, 2018 @ 7:03 am By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced earlier this week it secured $13 million through its latest round of funding. The company reported the funds will go towards its mission to help protect homeowners nationwide. Founded in 2017, Kin describes itself as a home insurance startup… Read More

June 8, 2018 @ 8:20 am By Samantha Hurst  |  

Celo, an app-based insurance provider, has successfully secured its initial £100,000 funding target through its equity crowdfunding campaign on Crowdcube. The company has so far attracted more than 300 investors to the funding portal. As previously reported, insurtech company reported that it is planning to offer… Read More

June 7, 2018 @ 10:59 pm By Samantha Hurst  |  

On Thursday, insurtech startup CoverWallet announced that global insurance company Zurich Insurance Group (VTX: ZURN) has acquired a minority stake in the company. According to CoverWallet, the investment builds on a commercial partnership between CoverWallet and Zurich in Europe that was announced in February. CoverWallet also… Read More

June 7, 2018 @ 7:37 am By Samantha Hurst  |  

Laka, a UK-based insurtech startup, announced on Thursday it has kicked off its global expansion by securing £1.1 million through its seed funding round, which was led by financial holding company Tune Protect Group Berhad with participation from 500 Startups.  The company, which was founded… Read More

June 1, 2018 @ 10:02 pm By Samantha Hurst  |  

TicketGuardian, an insurtech startup that’s aiming to shake up the ‘no refunds’ standard of live events ticketing, announced on Thursday the launch of two new consumer-facing insurance products,  FanShield and RegShield, which give policy owners better coverage for both ticketed live events, and registered events. While… Read More

June 1, 2018 @ 9:53 pm By Samantha Hurst  |  

FitSafe, a risk management and insurance underwriting service for sports and fitness, announced on Thursday that SterlingRisk has acquired minority equity interest in its firm. The New York-based company reported the investment from Sterling will help capitalize further back-end development of its software platform. Speaking about… Read More

May 30, 2018 @ 3:22 pm By Samantha Hurst  |  

Just a little over six months after launching its first equity crowdfunding campaign, UK-based insurtech Wrisk returned to Seedrs and has quickly secured its initial £500,000 funding target. As previously reported, Wrisk is seeking to shake up the antiquated insurance industry with their smartphone app that makes purchasing insurance… Read More

May 29, 2018 @ 11:58 pm By JD Alois  |  

Insurtech is seeking to upend and address the shortcomings of a sector of finance that many love to hate. Insurance is a unique product you pay for that you hope you never have to use. And too frequently, when you do need to use an… Read More

May 29, 2018 @ 9:14 pm By Samantha Hurst  |  

Acko, an India-based insurtech firm, announced this week that it raised $12 million through its latest investment round, which was led by online retailing giant, Amazon. Founded in 2017 by Varun Dua, Acko describes itself as a digital insurance company that is looking to redefine insurance… Read More

May 29, 2018 @ 3:49 pm By Samantha Hurst  |  

Flock, a London-based insurtech, announced on Tuesday it raised £2.25 million through its Seed funding round from a range of global investors. Flock reported that the round was led by Anthemis, a VC focused on Fintech and Insurtech investments. Other investors included Silicon Valley’s Plug and… Read More

May 23, 2018 @ 10:12 am By Samantha Hurst  |  

Root Insurance, an Ohio-based car insurtech company, announced on Tuesday it is planning to significantly expand its presence in Columbus. This news comes nearly two months after the company secured $51 million in funding through its Series C round, which was led by Redpoint Ventures, with Scale Venture Partners… Read More

May 21, 2018 @ 10:36 am By JD Alois  |  

Insurtech Bestow Inc. has announced a $15 million Series A funding round led by Valar Ventures, with participation from existing investors New Enterprise Associates (NEA), Core Innovation Capital, 8VC, and Morpheus Ventures. Valar was founded by James Fitzgerald, Andrew McCormack and Peter Thiel. Bestow says total… Read More

May 17, 2018 @ 12:04 pm By Erin Hobey  |  

Jirnexu is in the money, as the old song goes. The Kuala Lumpur-based financial services provider has nabbed US$11 million in a Series B finding round led by SBI Group and new investor SIG Asia Investments, according to Tech in Asia. The new funding will be… Read More

May 16, 2018 @ 9:07 am By JD Alois  |  

Lemonade, an emerging Insurtech firm that is attempting to address the pain points of traditional insurance by applying technology and user friendly practices, has published an “Open Source” insurance policy – most certainly a world’s first. The Policy is posted on Github and is open… Read More

May 15, 2018 @ 9:44 am By Samantha Hurst  |  

Hellas Direct, a Greece-based insurtech platform, announced on Tuesday it has teamed up with Swiss Re and Revolut to enter the Cyprus home-insurance sector. The company announced its partnership with Revolut last week to “shakeup” the insurance company in both Greece and Cyprus.  The partnership with Swiss Re… Read More

May 11, 2018 @ 1:00 pm By Samantha Hurst  |  

MetLife announced on Thursday it has selected eight finalists for its open innovation program, collab 3.0 EMEA. The program was announced in March and invited entrepreneurs and insurtechs to scale their business through the platform while solving some of the insurer’s biggest innovation challenges across its business in… Read More

May 8, 2018 @ 2:16 pm By Samantha Hurst  |  

German insurtech Simplesurance has secured $24 million during its Series C funding round, which was reportedly led by Allianz X, who also further invested in the company, with participation from Rakuten Capital.  Founded in 2012, Simplesurance stated it has created a platform that offers transparent and efficient… Read More

May 7, 2018 @ 4:03 pm By Samantha Hurst  |  

Hellas Direct, a Greece-based insurtech platform, announced last week it has teamed up with Revolut to “shake up” the insurance industry in Greece and Cyprus. According to Hellas, the new partnership is aiming to improve customer experience and further drive transparency. The announced of Revolute partnership… Read More

May 4, 2018 @ 9:31 pm By Samantha Hurst  |  

Small business insurance startup CoverWallet announced this week it has expanded its insurtech B2B platform for carriers and agents to the Hanover Insurance Group, which is notably the first carrier to use the platform’s technology. According to CoverWallet, the CoverWallet B2B platform provides real-time quoting, underwriting,… Read More

April 30, 2018 @ 1:58 pm By Samantha Hurst  |  

LeaseLock, a new insurtech startup for the rental housing market, announced on Monday it secured $10 million through its Series A round of financing, which was led by Wildcat Venture Partners with participation from Liberty Mutual Strategic Ventures, American Family Ventures, and Moderne Ventures. The… Read More